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African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

African Development Bank approves ZAR 2.5 billion loan to City of Johannesburg for critical urban infrastructure development

First direct lending to a subnational entity in Africa will support water, electricity, and waste management systems for Africa's largest economic hub

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a ZAR 2.5 billion (approximately $139 million) corporate loan to the City of Johannesburg Metropolitan Municipality, marking the Bank's first direct lending to a subnational entity in Africa.   The transaction will finance critical infrastructure projects in electricity,…

African Development Bank Group (AfDB)

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    • Senegal and Kenya Top African Development Bank’s Electricity Regulatory Index, as Regulators Drive Tangible Reforms
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Source: African Development Bank Group (AfDB) |

Senegal and Kenya Top African Development Bank’s Electricity Regulatory Index, as Regulators Drive Tangible Reforms

For the first time, the 2024 ERI also assessed regional regulatory bodies, recognizing their growing role in harmonizing technical standards and enabling cross-border electricity trade

Kenya and Senegal have claimed the top spots in the African Development Bank’s 2024 Electricity Regulatory Index (ERI) (www.AfDB.org), demonstrating exceptional progress in power sector governance and regulatory outcomes. The comprehensive assessment, officially unveiled today at the Africa Energy Forum in Cape Town, evaluates regulatory frameworks across 43 African countries. …

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    • African Development Bank project restores electricity in Zimbabwean communities following devastating Cyclone Idai
    • One of the many electrical facilities installed as part of Cyclone Idai recovery infrastructure following
    • Thanks to improved electricity access, Jacob's income from his workshop has increased, allowing him to build a larger home for his family (1)
    • Thanks to improved electricity access, Jacob's income from his workshop has increased, allowing him to build a larger home for his family (2)
    • An apprentice learns welding and metalwork at a community entrepreneurship center powered by electricity from the AfDB-funded Post-Cyclone Idai Emergency Recovery Project
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Source: African Development Bank Group (AfDB) |

African Development Bank project restores electricity in Zimbabwean communities following devastating Cyclone Idai

The AfDB-funded Post-Cyclone Idai Emergency Recovery Project restored electricity access, revitalizing businesses across communities in Zimbabwe

In March 2019, Cyclone Idai tore through Zimbabwe's eastern districts with unprecedented fury, leaving behind a trail of devastation. Among the hardest hit regions were Chimanimani and Chipinge, where the lifelines of modern life—electricity, roads, and water systems—were severed in a matter of hours. The 155-kilometer powerline stretching from Middle…

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    • African Development Bank approves €19.6 million in financing to scale up Cabo Verde’s pioneer in wind and battery storage capacity
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Source: African Development Bank Group (AfDB) |

African Development Bank approves €19.6 million in financing to scale up Cabo Verde’s pioneer in wind and battery storage capacity

The project advances Cabo Verde’s goal of generating 50% of its electricity from renewables by 2030 as well as its Nationally Determined Contribution under the Paris Agreement

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a €19.6 million financing package to support the Cabeólica Phase II Expansion Project in Cabo Verde. The project is the country’s first renewable energy initiative to integrate wind power generation and battery energy storage systems (BESS) at…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

African Development Bank, British International Investment and European Bank of Reconstruction and Development support pioneering solar and battery storage project in Egypt with $476 million loan

The project’s blended financing of $475.6 million corresponds to approximately 80 per cent of the total estimated capital expenditure of $590 million

Egypt's first integrated solar and battery storage plant will deliver dispatchable clean energy, enhance grid stability, and manage peak demand.  It is expected to generate approximately 3,000 GWh of clean energy and avoid up to 1.4 million tons of emissions annually, supporting Egypt’s decarbonisation goals. The African Development Bank (www.AfDB.org),…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Egypt: African Development Bank to provide $184.1 million for Africa’s largest solar energy and battery storage project

Financing will be sourced from two specialized Bank Group funds and the Climate Investment Funds' Clean Technology Fund

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a financing package of up to $184.1 million to support the development of the Obelisk 1-gigawatt solar photovoltaic project and 200MWh battery energy storage system in Egypt, which will be Africa’s largest solar power plant. Located in…

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    • The African Development Bank and Anzana Electric Group are working together to power Burundi's energy future through innovative public-private partnerships
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Source: African Development Bank Group (AfDB) |

Anzana Electric and African Development Bank Power Up Burundi’s Energy Future with $600,000 Grant to Weza Power

The grant will support Weza Power, a public-private partnership (PPP)-backed private utility aiming to rapidly expand electrification and connect nine million people across Burundi

At the launch of Burundi’s National Energy Compact during the Mission 300 (M300) Private Sector Consultation in London, Anzana Electric Group and the African Development Bank (www.AfDB.org) announced a $600,000 project development grant from the Sustainable Energy Fund for Africa (SEFA). The grant will support Weza Power, a public-private partnership (PPP)-backed…

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    • Desert to Power: The African Development Bank Group, Eritrea sign agreement for 12 MW mini-grid project
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Source: African Development Bank Group (AfDB) |

Desert to Power: The African Development Bank Group, Eritrea sign agreement for 12 MW mini-grid project

To build local capacity and ensure project sustainability, 25 local companies will be trained and equipped with tools and machinery

The African Development Bank Group (www.AfDB.org) and Eritrea have signed an agreement for $19.5 million in grant funding for the Desert to Power Eritrea 12MW Mini Grid Project. Eritrea’s Minister of Finance and National Development, who is also the Bank Group Governor for the country, Dr. Ghiorghish Teklemichae, signed on…

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    • 3D image of the future Data Center
    • Group photo following the meeting with the Prime Minister. Left to right: Olivier Beguy, African Development Bank resident country economist; Solomane Koné, the Bank Group’s acting Director General; Anatole Collinet Makosso, Prime Minister; and Célestine Mengue, agricultural projects officer at the African Development Bank
    • A handshake between the Prime Minister of the Republic of the Congo, Anatole Collinet Makosso, and the Bank’s acting Director General, Solomane Koné
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Source: African Development Bank Group (AfDB) |

Congo and the African Development Bank celebrate the strengthening of their strategic partnership for inclusive and sustainable development

The Bank Group’s mission to Congo explored new funding opportunities for key sectors, including energy, digital infrastructure, and roads

Talks held by the African Development Bank Group (www.AfDB.org) in the Republic of Congo from 24 - 28 February 2025 marked a significant step forward in strengthening the strategic partnership between the Bank and the Central African country. Led by Solomane Koné, Acting Director General for Central Africa, the discussions…

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    • African Union Summit: African Development Bank President Highlights a Decade of Economic Transformational Impact
    • African Development Bank Group President Dr. Akinwumi Adesina, who is also the Chairman of the Group’s Boards of Directors, underscored the impact of the Bank’s operations, which have impacted more than half a billion lives over the past decade
    • African Heads of State and Government display copies of the Dar es Salaam Energy Declaration at the closing session of the Africa Energy Summit, 28 January 2025
    • The African Development Bank accelerated food production in Africa. Over 101 million people became food secure. We mobilized $72 billion to implement the food and agriculture delivery compacts across the continent,” said Dr. Adesina
    • The Africa Investment Forum, a joint effort with eight other partner institutions, has mobilized over $200 billion in infrastructure investment commitments. (Picture: Africa Investment Forum Founding Partners and other officials during the Opening Session of the Africa Investment Forum 2024 Market Days, Rabat, 4 December 2024.)
    • UN Secretary-General António Guterres reiterated calls for reform of the international financial architecture
    • Barbados Prime Minister Mia Mottley emphasized Africa’s strategic role in shaping global economic trends, as the continent controls 40% of the world’s minerals
    • Ethiopian Prime Minister Dr. Abiy Ahmed urged continued unity in addressing Africa’s challenges
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Source: African Development Bank Group (AfDB) |

African Union Summit: African Development Bank President Highlights a Decade of Economic Transformational Impact

During the final day of the assembly, several African governments and AU officials paid tribute to Dr. Adesina for his exceptional leadership of the Bank and strong global advocacy for Africa, He ends his tenure as the Bank Group’s president on 1st September 2025

“It’s been my greatest honor to serve you and Africa”—Adesina tells African leaders Governments across Africa pay tribute to Adesina’s exceptional leadership UN Secretary General Guterres says global financial architecture hampering Africa’s development, calls for reforms African Development Bank Group (www.AfDB.org/en) President Dr. Akinwumi A. Adesina, delivered a compelling farewell address…